Algert Global LLC Has $12.72 Million Position in Archrock, Inc. (NYSE:AROC)

Algert Global LLC lifted its position in Archrock, Inc. (NYSE:AROC - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 510,875 shares of the energy company's stock after acquiring an additional 41,104 shares during the quarter. Algert Global LLC owned approximately 0.29% of Archrock worth $12,716,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AROC. Wolverine Asset Management LLC lifted its holdings in shares of Archrock by 111.8% in the fourth quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock valued at $37,000 after purchasing an additional 14,200 shares in the last quarter. Montag A & Associates Inc. acquired a new stake in Archrock during the 4th quarter worth about $55,000. R Squared Ltd purchased a new position in Archrock during the 4th quarter valued at about $76,000. Hantz Financial Services Inc. acquired a new position in shares of Archrock in the 4th quarter valued at about $107,000. Finally, Covestor Ltd lifted its position in shares of Archrock by 580.6% in the fourth quarter. Covestor Ltd now owns 4,485 shares of the energy company's stock worth $111,000 after purchasing an additional 3,826 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Citigroup upped their price objective on shares of Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Archrock presently has an average rating of "Moderate Buy" and an average price target of $26.67.

Archrock Stock Performance

AROC traded up $0.49 on Thursday, hitting $24.33. The company had a trading volume of 1,371,168 shares, compared to its average volume of 1,468,133. Archrock, Inc. has a 1-year low of $17.27 and a 1-year high of $30.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The company's fifty day moving average price is $24.40 and its 200 day moving average price is $25.15. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19.

Archrock (NYSE:AROC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. The business had revenue of $347.16 million during the quarter, compared to the consensus estimate of $342.98 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. Equities analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.12%. The ex-dividend date is Tuesday, May 6th. Archrock's dividend payout ratio is currently 73.08%.

Archrock declared that its Board of Directors has initiated a share buyback program on Monday, May 5th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the energy company to buy up to 1.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its stock is undervalued.

About Archrock

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.